RIVER is showing unstable market behavior as it moves through an early post-TGE price discovery phase.
• Price is holding around $30.51, down 19.81% on the session, reflecting heavy distribution rather than controlled consolidation.
• Intraday price action fell sharply from a local high near $47.42 to a low of $29.80, with only a weak bounce so far, suggesting selling pressure is still dominant.
• Trading activity spiked during the drop from the $40 range, but volume has since cooled, indicating reduced momentum after the initial selloff.
• On the 1-hour timeframe, price is trading below the 9-EMA (~$32.15) and 15-EMA (~$33.17), signaling short-term bearish control and lack of reclaim strength.
• Support is attempting to form near $29.80 – $30.00, while resistance is clearly defined in the $32.20 – $33.50 EMA zone.
Overall, RIVER appears to be in a distribution and stabilization phase rather than a recovery. With very low liquidity ($1.65M) compared to a $598M market cap and $3.05B FDV, price can remain highly volatile and sensitive to relatively small trades. Caution is warranted until structure and volume improve.
